{"success":true,"data":{"pressRelease":{"id":"163045","rtpr_id":"nPn9q9RS7a-20261007","ticker":"FLNC","exchange":"NASDAQ","all_tickers":["FLNC"],"title":"Fluence Energy (NASDAQ: FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility - HBSS","author":"PR Newswire","published_at":"2026-10-07T12:06:00.228Z","article_body":"Fluence Energy (NASDAQ: FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility - HBSS\nPR Newswire\n\nSAN FRANCISCO, Oct. 7, 2026\n\nSAN FRANCISCO, Oct. 7, 2026 /PRNewswire/ -- Fluence Energy (NASDAQ:\nFLNC) faces a securities class action, which seeks to represent investors who\npurchased or otherwise acquired Fluence securities between November 24, 2025\nand September 16, 2026.\n\nThe suit follows a stream of unexpected earnings announcements that were\napparently at odds with Fluence's assurances that it was positioned to\ncapitalize on surging demand for data centers, and which collectively wiped\nout roughly $3 billion of the company's market capitalization.\n\nNational shareholders rights firm Hagens Berman continues its investigation\ninto claims that Fluence violated the federal securities laws.\n\nThe firm urges Fluence investors who suffered substantial losses to submit\nyour losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=924965990&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Ffluence-energy-inc-flnc-securities-class-action&a=submit+your+losses+now)\n. In addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm's attorneys.\n\nClass Period: Nov. 24, 2025 – Sept. 16, 2026\nLead Plaintiff Deadline: Nov. 27, 2026\nVisit: www.hbsslaw.com/FLNC\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=529050837&u=https%3A%2F%2Fwww.hbsslaw.com%2FFLNC&a=www.hbsslaw.com%2FFLNC)\n\nDirect Contact Email: FLNC@hbsslaw.com (mailto:FLNC@hbsslaw.com)\nFirm Telephone: 844-916-0895\n\nFluence Energy, Inc. (FLNC) Securities Class Action:\n\nThe litigation's focus is on the propriety of Fluence's assurances that it was\n\"well positioned to capitalize on the accelerating demand for energy\nstorage[,]\" and its backlog sufficiently covered revenue expectations. The\ncompany's plan depended on successfully ramping its \"fully automated\" Houston\nmanufacturing facility's production of thermal management systems for its\nGridstack ProTM battery energy storage solutions.\n\nThe complaint alleges that Fluence did not disclose important information to\ninvestors – its ability to deliver on its backlog and recognize revenue\ndepended on new contract facilities that included incomplete and\nnon-operational facilities. The complaint also alleges the company did not\ndisclose that facility remediation efforts were unsuccessful.\n\nInvestors began to learn the truth through a series of partial disclosures\nbeginning on February 4, 2026. That day, Fluence reported its Q1 2026 results\nincluded a significant year-over-year margin compression due to \"additional\nestimated costs on two projects[]\" and a significant year-over-year increase\nin net losses.\n\nThen, on August 5, 2026 Fluence announced its Q3 2026 results included weaker\nthan expected revenues, a massive year-over-year margin compression, and a net\nloss of $44.3 million compared to net income of $6.2 million in the same\nquarter last year.\n\nThe company said it \"now expects that $400 million in project deliveries will\nbe delayed into fiscal 2027 due to production issues at a new international\ncontract facility[]\" and also blamed \"construction related delays that\naffected the completion and start-up of a new U.S. contract manufacturing\nfacility.\"\n\nFinally, on September 16, 2026 Fluence slashed its 2026 revenue guidance again\n(by 20%). CEO Julian Nebreda Marquez blamed the continuing \"delays in the ramp\nup of our contract manufacturing facility in Houston.\" He also revealed the\nramp delay was caused by having to manually weld rather than employing the\nautomated welding process.\n\nEach of these revelations triggered sharp declines in the price of Fluence\nshares. Between the first partial disclosure on February 4 and September 17,\n2026 shares have fallen $21.33 (-73%).\n\n\"We're focused on when the Houston welding issue was first known to Fluence\nmanagement given the facility's crucial role in onshoring,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=3378545951&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in Fluence and have substantial losses, or have knowledge that\nwill assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=924965990&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Ffluence-energy-inc-flnc-securities-class-action&a=submit+your+losses+now)\n »\n\nWhistleblowers: Persons with non-public information regarding Fluence should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FLNC@hbsslaw.com (mailto:FLNC@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=1387460475&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=3070892610&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=2375537996&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/fluence-energy-nasdaq-flnc-faces-securities-class-action-amid-inability-to-ramp-houston-facility--hbss-302900494.html\n(https://www.prnewswire.com/news-releases/fluence-energy-nasdaq-flnc-faces-securities-class-action-amid-inability-to-ramp-houston-facility--hbss-302900494.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, FLNC@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2991416\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9q9RS7a-20261007","title":"Fluence Energy (NASDAQ: FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility - HBSS","author":"PR Newswire","ticker":"FLNC","created":"2026-10-07T12:06:00.228Z","tickers":["FLNC"],"exchange":"NASDAQ","article_body":"Fluence Energy (NASDAQ: FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility - HBSS\nPR Newswire\n\nSAN FRANCISCO, Oct. 7, 2026\n\nSAN FRANCISCO, Oct. 7, 2026 /PRNewswire/ -- Fluence Energy (NASDAQ:\nFLNC) faces a securities class action, which seeks to represent investors who\npurchased or otherwise acquired Fluence securities between November 24, 2025\nand September 16, 2026.\n\nThe suit follows a stream of unexpected earnings announcements that were\napparently at odds with Fluence's assurances that it was positioned to\ncapitalize on surging demand for data centers, and which collectively wiped\nout roughly $3 billion of the company's market capitalization.\n\nNational shareholders rights firm Hagens Berman continues its investigation\ninto claims that Fluence violated the federal securities laws.\n\nThe firm urges Fluence investors who suffered substantial losses to submit\nyour losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=924965990&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Ffluence-energy-inc-flnc-securities-class-action&a=submit+your+losses+now)\n. In addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm's attorneys.\n\nClass Period: Nov. 24, 2025 – Sept. 16, 2026\nLead Plaintiff Deadline: Nov. 27, 2026\nVisit: www.hbsslaw.com/FLNC\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=529050837&u=https%3A%2F%2Fwww.hbsslaw.com%2FFLNC&a=www.hbsslaw.com%2FFLNC)\n\nDirect Contact Email: FLNC@hbsslaw.com (mailto:FLNC@hbsslaw.com)\nFirm Telephone: 844-916-0895\n\nFluence Energy, Inc. (FLNC) Securities Class Action:\n\nThe litigation's focus is on the propriety of Fluence's assurances that it was\n\"well positioned to capitalize on the accelerating demand for energy\nstorage[,]\" and its backlog sufficiently covered revenue expectations. The\ncompany's plan depended on successfully ramping its \"fully automated\" Houston\nmanufacturing facility's production of thermal management systems for its\nGridstack ProTM battery energy storage solutions.\n\nThe complaint alleges that Fluence did not disclose important information to\ninvestors – its ability to deliver on its backlog and recognize revenue\ndepended on new contract facilities that included incomplete and\nnon-operational facilities. The complaint also alleges the company did not\ndisclose that facility remediation efforts were unsuccessful.\n\nInvestors began to learn the truth through a series of partial disclosures\nbeginning on February 4, 2026. That day, Fluence reported its Q1 2026 results\nincluded a significant year-over-year margin compression due to \"additional\nestimated costs on two projects[]\" and a significant year-over-year increase\nin net losses.\n\nThen, on August 5, 2026 Fluence announced its Q3 2026 results included weaker\nthan expected revenues, a massive year-over-year margin compression, and a net\nloss of $44.3 million compared to net income of $6.2 million in the same\nquarter last year.\n\nThe company said it \"now expects that $400 million in project deliveries will\nbe delayed into fiscal 2027 due to production issues at a new international\ncontract facility[]\" and also blamed \"construction related delays that\naffected the completion and start-up of a new U.S. contract manufacturing\nfacility.\"\n\nFinally, on September 16, 2026 Fluence slashed its 2026 revenue guidance again\n(by 20%). CEO Julian Nebreda Marquez blamed the continuing \"delays in the ramp\nup of our contract manufacturing facility in Houston.\" He also revealed the\nramp delay was caused by having to manually weld rather than employing the\nautomated welding process.\n\nEach of these revelations triggered sharp declines in the price of Fluence\nshares. Between the first partial disclosure on February 4 and September 17,\n2026 shares have fallen $21.33 (-73%).\n\n\"We're focused on when the Houston welding issue was first known to Fluence\nmanagement given the facility's crucial role in onshoring,\" said Reed Kathrein\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=3378545951&u=https%3A%2F%2Fwww.hbsslaw.com%2Fattorneys%2Freed-kathrein&a=Reed+Kathrein)\n, the Hagens Berman partner leading the firm's investigation.\n\nIf you invested in Fluence and have substantial losses, or have knowledge that\nwill assist the firm's investigation, submit your losses now\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=924965990&u=https%3A%2F%2Fwww.hbsslaw.com%2Fcases%2Ffluence-energy-inc-flnc-securities-class-action&a=submit+your+losses+now)\n »\n\nWhistleblowers: Persons with non-public information regarding Fluence should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FLNC@hbsslaw.com (mailto:FLNC@hbsslaw.com) .\n\nAbout Hagens Berman\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=1387460475&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=About+Hagens+Berman)\n\nHagens Berman is a global plaintiffs' rights complex litigation firm focusing\non corporate accountability. The firm is home to a robust practice and\nrepresents investors as well as whistleblowers, workers, consumers and others\nin cases achieving real results for those harmed by corporate negligence and\nother wrongdoings. Hagens Berman's team has secured more than $2.9 billion in\nthis area of law. More about the firm and its successes can be found\nat hbsslaw.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=3070892610&u=https%3A%2F%2Fwww.hbsslaw.com%2F&a=hbsslaw.com)\n. Follow the firm for updates and news at @ClassActionLaw\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4791431-1&h=2375537996&u=https%3A%2F%2Fwww.twitter.com%2FClassActionLaw&a=%40ClassActionLaw)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/fluence-energy-nasdaq-flnc-faces-securities-class-action-amid-inability-to-ramp-houston-facility--hbss-302900494.html\n(https://www.prnewswire.com/news-releases/fluence-energy-nasdaq-flnc-faces-securities-class-action-amid-inability-to-ramp-houston-facility--hbss-302900494.html)\n\nSOURCE Hagens Berman Sobol Shapiro LLP\n\n\n\nHagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, FLNC@hbsslaw.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1117217/Hagens-Berman-Sobol-Shapiro-LLP-Logo.jpg?id=OA2991416\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-07T12:06:00.28298282Z","server_sent_at_ms":1791374760282},"received_at":"2026-10-07T12:06:00.333Z","source_url":"https://www.prnewswire.com/news-releases/fluence-energy-nasdaq-flnc-faces-securities-class-action-amid-inability-to-ramp-houston-facility--hbss-302900494.html"},"analysis":{"id":"151510","press_release_id":"163045","analysis_json":{"redFlags":["Active securities class action alleging nondisclosure of Houston facility ramp failures","$3 billion market cap loss and 73% share decline over disclosed period","2026 revenue guidance cut by 20% on Sept 16, 2026","$400M in project deliveries delayed into fiscal 2027 due to manufacturing issues"],"eventType":"legal_litigation","narrative":"Hagens Berman announced it is investigating and pursuing a securities class action against Fluence Energy covering investors who purchased FLNC securities between November 24, 2025 and September 16, 2026.\n\nThe complaint alleges Fluence misled investors about its ability to ramp its Houston manufacturing facility, with the release citing roughly $3 billion in destroyed market value and a 73% share decline since February 2026.\n\nThis release is plaintiff-firm solicitation with a November 27, 2026 lead plaintiff deadline, not an issuer disclosure; the underlying operational and guidance problems were already public.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm class-action solicitation recapping already-public Fluence disclosure issues -- suppress."},"keyFigures":{"customDimensions":{"q3_net_loss":"$44.3 million (vs $6.2M net income prior year)","guidance_cut":"2026 revenue guidance slashed by 20% on Sep 16, 2026","share_decline":"-73% ($21.33) between Feb 4 and Sep 17, 2026","market_cap_wiped_out":"$3 billion","delayed_project_deliveries":"$400 million pushed into fiscal 2027"}},"quotedText":"We're focused on when the Houston welding issue was first known to Fluence management given the facility's crucial role in onshoring","namedEntities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"},{"name":"Julian Nebreda Marquez","role":"CEO of Fluence Energy"}],"products":["Gridstack Pro"],"companies":[{"name":"Fluence Energy, Inc.","ticker":"FLNC","relationship":"target of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm / release author"}],"dollarAmounts":[{"amount":"$3 billion","context":"market capitalization wiped out by earnings disclosures"},{"amount":"$44.3 million","context":"Q3 2026 net loss"},{"amount":"$400 million","context":"project deliveries delayed into fiscal 2027"},{"amount":"$21.33","context":"share price decline (-73%) from Feb 4 to Sep 17, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's cumulative recovery claims"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Hagens Berman under its own name, urging investors to submit losses and contact the firm. No certified class or settlement; this is law-firm marketing around an already-known litigation and disclosure saga."},"tickerRelevance":{"others":[],"primary":"FLNC"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"FLNC has retail interest but event is boilerplate solicitation"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman announced it is investigating and pursuing a securities class action against Fluence Energy covering investors who purchased FLNC securities between November 24, 2025 and September 16, 2026.\n\nThe complaint alleges Fluence misled investors about its ability to ramp its Houston manufacturing facility, with the release citing roughly $3 billion in destroyed market value and a 73% share decline since February 2026.\n\nThis release is plaintiff-firm solicitation with a November 27, 2026 lead plaintiff deadline, not an issuer disclosure; the underlying operational and guidance problems were already public.","key_figures":{"customDimensions":{"q3_net_loss":"$44.3 million (vs $6.2M net income prior year)","guidance_cut":"2026 revenue guidance slashed by 20% on Sep 16, 2026","share_decline":"-73% ($21.33) between Feb 4 and Sep 17, 2026","market_cap_wiped_out":"$3 billion","delayed_project_deliveries":"$400 million pushed into fiscal 2027"}},"named_entities":{"people":[{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"},{"name":"Julian Nebreda Marquez","role":"CEO of Fluence Energy"}],"products":["Gridstack Pro"],"companies":[{"name":"Fluence Energy, Inc.","ticker":"FLNC","relationship":"target of class action"},{"name":"Hagens Berman Sobol Shapiro LLP","relationship":"plaintiff law firm / release author"}],"dollarAmounts":[{"amount":"$3 billion","context":"market capitalization wiped out by earnings disclosures"},{"amount":"$44.3 million","context":"Q3 2026 net loss"},{"amount":"$400 million","context":"project deliveries delayed into fiscal 2027"},{"amount":"$21.33","context":"share price decline (-73%) from Feb 4 to Sep 17, 2026"},{"amount":"$2.9 billion","context":"Hagens Berman's cumulative recovery claims"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-07T12:06:08.437Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"FLNC has retail interest but event is boilerplate solicitation"}},"durationMs":8086,"modelName":"glm-5.3-flashx"}}